A total of 325 Apache Junction and 96 Gold Canyon businesses received federal Paycheck Protection Program loans by July, documents show, ranging from $1,172 up to, potentially, $5 million.
Those in the municipality can also apply for City of Apache Junction funding for reimbursement of personal protection equipment required because of COVID-19 or for rent and utilities of up to $1,000 per business, while the Pinal County Board of Supervisors recently voted to approve up to $30,000 for businesses in unincorporated areas, which include Gold Canyon.
The Paycheck Protection Program --- which had a deadline of Aug. 8 --- was a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll, according to sba.gov.
SBA said it would forgive loans if all employee retention criteria were met and the funds were used for eligible expenses.
Businesses could apply through a SBA 7(a) lender or through a federally insured depository institution, federally insured credit union and Farm Credit System institution that was participating. Other regulated lenders were to be available to make the loans once they were approved and enrolled in the program.
The following entities affected by COVID-19 may be eligible, according to the SBA, including:
Gold Canyon had no businesses that received $1 million to $10 million from a Paycheck Protection Program loan, but five received $350,000 to $1 million and four received $150,000 to $350,000.
In the category of less than $150,000, a total of 87 Gold Canyon businesses received $1,172 on the low end to $150,000, according to the SBA.
Below are the loans of $150,000-$1 million by amount; name of the business; address; NAICS code; business type; jobs retained; date approved (if listed); and the lender. North American Industry Classification System codes have been changed with searches from naics.com:
A program to assist unincorporated Pinal County businesses struggling with the effects of COVID-19 was recently reopened and extended.
The Pinal County Business Sustainability Program allows a cumulative maximum allocation not to exceed $30,000, the Pinal County Board of Supervisors approved unanimously 4-0 at a special session Aug. 12, with Supervisor Todd House, District 5, absent.
Qualifying expense periods are Aug. 12-Oct. 17, 2020. For full details about the program, contact the ARIZONA@WORK One-Stop Office in Casa Grande at 520-866-3600.
Businesses in unincorporated Pinal County could previously apply for a one-time reimbursement of up to $15,000 for rent, mortgage and/or utilities expenses for a three-month period. Qualifying expense periods were either March-May 2020 or April-June 2020.
The county accepted 135 applications June 15-July 15, of which 64 qualified businesses received assistance, totaling about $529,000, Joel Millman, workforce development program manager at ARIZONA@WORK Pinal County, said to the supervisors.
“We’re looking at a round 2... We have the team poised and ready to go,” he said. “(T)he infrastructure is already in place as far as the website, the application... If nothing were to change, we could probably relaunch that program by the end of the week.”
As of Aug 14, the website used in round 1 was not active; it is pinalcountyaz.gov/PINAL-WORKS/BRC/Pages/BusinessSustainabilityProgram.aspx.
If a company received up to $15,000 in the first round, it can reapply for an additional $15,000 for a different period, Mr. Millman said to the supervisors.
In the first round, businesses could receive money for rent through a mortgage or a lease; or utilities, such as for phones, Internet, electricity and gas, he said.
“And the first round was pretty straightforward, just keeping it to those. So those are what we focused on,” he said.
Chairman Anthony Smith, District 4, asked if Mr. Millman received any feedback from businesses regarding areas that the county was missing.
“That’s a great question. In my interaction with some of the businesses that had inquired, I recalled one of all of those applicants; one was just requesting assistance in outside, whether it was their marketing-type activities or other outside of the parameters of which we had set. But other than that, I don’t recall any other businesses asking for other areas,” Mr. Millman said.
Vice Chairman Pete Rios, District 1, said a Pinal County staff member had suggested businesses be able to use the money for insurance.
“Because they have to pay insurance on the building or if they have commercial vehicles because they deliver they have to pay the insurance on that,” he said. “How do we know that if they wanted to, they didn’t use it to pay for vehicle insurance or building insurance?”
On the application the business attests to elements on the use of the funds, Mr. Millman said.
“We’re only funding to the documentation provided,” he said. “The documentation that is received is analyzed by an internal team here to ensure that we’re only allocating to what qualifies for the program.”
Supervisor Mike Goodman, District 2, who said he was contacted by a Florence business, asked how city or town CARES Act funds are used vs. what Pinal County is doing for businesses outside municipalities.
“A business in a municipality is just as important as a business that is in an unincorporated area. However, we’ve received allocation for the unincorporated area; the cities have received allocation for them. So help me --- how does all of that work in conjunction with what we’re doing?” he asked.
“It’s a wide range of different programs that the other cities have implemented. Queen Creek, as you know, has a program; they’ve got some different requests. They’re not only looking at utilities, but they have a little different version,” Pinal County Manager Louis Andersen said. “The City of Casa Grande has a program; they kind of modeled it after ours, I believe, and it’s got a lot of the same features. The City of Apache Junction has a very similar program, but it’s a less dollar amount they had.”
County Manager Andersen favors focusing Pinal County funds in unincorporated areas.
“I recommended that we try to stay away from supporting the cities because they do have some allocation and they know their cities a little bit more in-depth, but if that’s something that this board wanted to do, that would be up to the board if they wanted to try to incorporate into some of the cities,” he said.
Apache Junction had one business that received $5 million to $10 million from a Paycheck Protection Program loan, one that received $2 million to $5 million, four that received $1 million to $2 million, six for $350,000 to $1 million and 20 received $150,000 to $350,000.
In a category of less than $150,000, a total of 292 Apache Junction businesses received $1,000 on the low end to $150,000, according to the SBA documents for ZIP codes 85119 and 85120, which include some unincorporated Pinal and Maricopa county areas.
Below are the loans of $150,000-$10 million by amount; name of the business; address; NAICS code; business type; jobs retained; date approved (if listed); and the lender.
$5 million-$10 million;
$2 million-$5 million:
$1 million-$2 million:
Small-businesses and nonprofits with brick-and-mortar locations in the City of Apache Junction are eligible for up to $10,000 for reimbursement of personal protection equipment required because of COVID-19 or for rent and utilities.
The funding was made available through the Coronavirus Aid, Relief and Economic Security Act, which was signed into law by President Trump on March 27. A total of $1,221,857.50 is to be used for the grants, with $200,000 for nonprofits and the rest for small-businesses. Any money not used will go to public-safety funding, the Apache Junction City Council decided.
As approved by the council, the maximum reimbursement is $10,000, which can be used for:
Applications are to be accepted for the five weeks of July 31-Aug. 25 or until the funding is exhausted.
Applications are received at ajcity.net/ajsbgrant and at City Hall, 300 E. Superstition Blvd., and will be reviewed by a city-manager-appointed staff committee.